Elon Musk, the billionaire trollster, is backing up his love for cryptocurrency by having Tesla Motors purchase a huge amount of bitcoin.
According to a Securities and Exchange Commission (SEC) filing, Tesla bought $1.5 billion in bitcoin, which is still a drop in the bucket when the company has about $20 billion in cash and cash equivalents.
That said, it was enough to push bitcoin prices to an all-time high of $45,000.
But that is not all. Tesla will also soon accept payments in bitcoin for its products.
No word yet if Tesla will purchase some dogecoin, too.
So, is crypto in a bubble or are the fundamentals strong?
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